OLD Second National Bank of Aurora Has $14.51 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

OLD Second National Bank of Aurora decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,939 shares of the iPhone maker’s stock after selling 781 shares during the period. Apple comprises about 3.3% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 5th biggest position. OLD Second National Bank of Aurora’s holdings in Apple were worth $14,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in AAPL. AMF Tjanstepension AB grew its position in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after acquiring an additional 588,427 shares during the last quarter. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Apple by 49.5% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 4,168 shares of the iPhone maker’s stock worth $971,000 after acquiring an additional 1,380 shares during the last quarter. Reliant Investment Management LLC boosted its stake in shares of Apple by 0.8% in the 3rd quarter. Reliant Investment Management LLC now owns 44,787 shares of the iPhone maker’s stock valued at $10,435,000 after purchasing an additional 359 shares in the last quarter. Trust Co of Kansas grew its holdings in shares of Apple by 7.2% during the 3rd quarter. Trust Co of Kansas now owns 42,829 shares of the iPhone maker’s stock valued at $9,979,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Apple by 2.6% during the 3rd quarter. Brookstone Capital Management now owns 583,413 shares of the iPhone maker’s stock valued at $135,935,000 after purchasing an additional 14,969 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $223.75 on Wednesday. The firm’s 50-day moving average price is $231.35 and its 200-day moving average price is $233.43. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market cap of $3.36 trillion, a PE ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Analysts Set New Price Targets

Several brokerages recently commented on AAPL. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Maxim Group lifted their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.